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Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (5036)	7/21/2004 7:25:06 PM
From: Proud_Infidel	Read Replies (2) \| Respond to of 5867

CC Highlights: 60% of units- 300mm 2/3 of orders- less than 130nm Breakdown of units: Memory=30% Logic=15% Foundry=55% No significant cancellations DSO- 68 days Inventory Turns- 6.2x per year Addressing the concerns of industry growth- Using a 1000 wafer start equivalency hypothesis. A 300mm Copper etch costs 2.8 times the equivalent of a 200mm aluminum for a 1000 wafer start **GUIDANCE Orders up 5% sequentially Revenue- $400M-$415M GM~50% EPS= .55-.60 per share (assuming 140M shares)**

To: Donald Wennerstrom who wrote (5036)	7/22/2004 10:07:29 AM
From: Proud_Infidel	Read Replies (2) \| Respond to of 5867

Our "friend" Fitz raised his target for Lam, so earnings MUST have been good.... Lam Research jumps 16 percent after earnings Thursday July 22, 10:00 am ET SAN FRANCISCO, July 22 (Reuters) - Lam Research Corp. (NasdaqNM:LRCX - News) shares jumped more than 16 percent on Thursday, a day after the maker of semiconductor production equipment said quarterly earnings more than doubled. Banc of America Securities raised its investment rating on Lam Research to "buy," citing stronger revenue growth, the company's decision to exit a silicon wafer polishing business, and the reduction in share count from paying back a bond. Analyst Mark FitzGerald set a $30.70 price target on the shares. Lam stock rose $3.29, or 16.7 percent, to $23.09 on Nasdaq in morning trading. Meanwhile, shares of Lam rival Applied Materials Inc. (NasdaqNM:AMAT - News) rose 30 cents, or 1.8 percent, to $16.92.